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Business Summary: interim 2022/23
Taken from the Interim Report: 28 weeks ended 13th August 2022.
The Society’s gross takings for the period under review reflects a year on year growth of 8.1%. It should be noted, however, that the last ‘normal’ trading year is now three years behind us.
Food: Gross takings of core products have decreased by 3.4% against a volume decline of 8.9%.
Department Stores: Gross takings have increased by 87.8%, however it should be noted that the stores were closed for 10 weeks within the same period last year due to national lockdowns.
Travel: Gross takings have increased by 1,392% following years of disruption caused by COVID. Gross takings are still almost 50% lower than pre-pandemic levels.
Funerals: Gross takings have increased by 10.2% ‘year on year’, helped in part by a new branch in Basildon.
Prospects: There have been many challenges in the first half of the year, including changes to shopping habits coming out of the pandemic, a cost of living crisis, increased wage and fuel pressures, soaring energy costs, and price increases in food brought about by the war in Ukraine. These challenges will continue into the second part of the year, and potentially cost pressures will escalate. Chelmsford Star Co-op is not alone in these challenges, however that does not make addressing and resolving them any easier.
Full report below.
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Society reports
Interim Report & Financial Statements - 13th August 2022
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View previous Society reports
- Annual report & financial Statements – 29th January 2022
- Interim report & financial statements – 14th August 2021
- Annual report & financial statements – 30th January 2021
- Interim report & financial statements – 8th August 2020
- Annual report & financial statements – 25th January 2020
- Interim report & financial statements – 10th August 2019
- Annual report & financial statements – 26th January 2019
- Interim report & financial statements – 11th August 2018
- Annual report & financial statements – 27th January 2018
- Interim report & financial statements – 12th August 2017
- Annual report & financial statements – 28th January 2017
- Interim report & financial statements – 13th August 2016
- Annual report & financial statements – 30th January 2016
- Interim report & financial statements – 15th August 2015
- Annual report & financial statements – 31st January 2015
- Interim report & financial statements – 9th August 2014
- Annual report & financial statements – 25th January 2014
- Annual report & financial statements – 26th January 2013
- Chelmsford Star Society report – 26th January 2013
- Interim report & financial statements – 11th August 2012
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